The markets have come around to the Federal Reserve chairman’s cautious approach to lowering interest rates. President Trump could be a tougher convert.

Global markets are rallying on optimism over Washington and Beijing reaching a major, if temporary, détente in their tariff fight.

President Trump hailed an agreement with Britain as a breakthrough — but far tougher negotiations, including with China, beckon.

Treasury Secretary Scott Bessent will finally start negotiating with Chinese counterparts. But business leaders shouldn’t expect any sudden breakthroughs.

Washington and Beijing increasingly look likely to de-escalate their trade war. But the economic damage and ongoing uncertainty may persist for a while.

Many investors and business leaders increasingly believe President Trump will dial back his trade battles. Not everyone is willing to commit to that bet.

Global markets are rebounding as the president softened his protectionist rhetoric and his criticism of the central bank. But investors want to see results on trade.